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wait until next year. taxes are going up not just for the rich. america's second largest city on the verge of bankruptcy. los angeles is not alone. the crisis that threatens to sink cities and states. president obama's dis dream. is it a solid strategy or wishful thinking? welcome to the journal editorial report i'm stuart varney in for paul gig -- paul gigot. with april 15th fast approaching millions are if you think you are paying a lot now wait until next year.
really does have an independent streak. >> rose: we continue with a look at the future of latin america with john coatsworth dean of columbia university international and public affair, kevin cassas zamora of the brookings institution and former vice president of costa rica, greg grandin at new york university and michael shifter, incoming president of the interamerican dialogue. justice stevens and latin america, coming up. >> funding for charlie rose has been provided by the coca-cola company. supporting this program since 2002. captioning sponsored by rose communications from our studios in new york city, this is chaálie rose. >> justice john paul stevens today announced his retirement from the supreme court. he had been on the court 34 years. he was known as the leader of the liberal wing. he is the fourth longest serving justice in u.s. history. he was appointed by republican president gerald ford but he was hardly beholden to conservatives. "the new york times" wrote that he may be the last justice from a time when the independence rather than perceived ideology were perceived a
concern is if we don't shore up the fundamentals of america's vitality we could find ourselves being eclipse. this is a book saying america let's wake up and rise to the occasion and rebuild our strength and provide for our kids and their kids. >> host: cardis this seems to be severely parts of the book a critique of president obama. it has caught the attention of people around washington of his hour reach our specific muslim nations are "kindling " who hate america and wish it america of the worst to when he made an enormous bear their purchases of the the and our national interest by carrying out the first act of the presidency a form of apology tour saying america has been derisive comment dismiss have come in america it is there again now listening to the concerns of others and america has dictated to other nations per barrel i don't think that is historically accurate we have been freeing others but i think it created the impression that our conviction and principles is wavering it is not part of that was a mistake and instead that a foreign policy consistent with the value of s
defense from poland and the czech persian gulf led those great friends to be very concerned about america's willingness to stand with them. and at the same time, perhaps designed to reset relations with russia as the president indicated. we got nothing for it from russia. so i'm afraid the steps that he took have confused our friends. made our foes, if you will, continue headlong. in some cases in a course that's not helpful to the world. you have both iran pursuing its nuclear folly headlong. north korea, of course, did nuclear tests. even as the president was speaking carried out various tests. this is in my opinion an indication that they felt the president was not going to be a strong defender of american values and american principles. human rights, democracy, free trade, free enterprise, those words of apology and those statements i think have emboldened those who find us as a weakened enemy. >> host: in the book you make the argument that it's important to keep america strong and keep america as a leading presence in terms of world affairs. and in specific in dealing with iran, for
of america. that's going to start this year. we're inspired by stories like this. [applause] starting this year, all the insurance plans will be required to offer free preventive care and starting this year, this may interest some of you here. if you are a young person who doesn't have insurance, or doesn't have a job that offers insurance, you're going to be able to stay on your parents' insurance policy until you're 26 years old, starting this year. [applause] starting this year. so -- now you're welcome. thanks, shellie and mike. they voted for it. [applause] this year, seniors who fall into the coverage gap known as the doughnut hole, they are going to receive $250 to help pay for prescriptions and that is just the first step. what we're going to be doing is over the next several years, closing that gap completely and i want seniors to know -- [applause] i want seniors to know despite some of the stuff that has been said out there, these reforms don't cut into your guaranteed benefits. they eliminate co-payments and deductables for preventive care like checkups and mammograms. you
this was america's holiday from history. we wish history had stopped the way they have been in the past but the truth is that some of these powers have great ambitions in becoming world superpowers is not becoming the dominant player on the stage. you mentioned that first russia. we thought russia had boston we had one and we didn't need to worry about them but russia's energy resources are so extraordinarily rich that they are able to use that wealth to reestablish their military might they have more natural gas than anyone in the world. they tie us for coal reserves. they sold more energy last year than saudi arabia so they are using that extraordinary wealth and hundreds of billions of dollars in revenue to help rebuild the military that can be competitive with their own. it is a long way from there today but that is what they are intending to do. >> host: i think you also write that they are supportive of iran because they would be even more control over the world's energy supply. >> guest: as russia looks at their strategy and their attempt to reassert themselves as the leading, or
and they created the most productive economy in latin america for the last 20 years and it is not a equipped to this country his wife. it is overwhelmingly white. i agree with you completely. argentina, look at what they have done over the last five or six years. i agree with you completely. it is is not a questions these countries are white but i do think there is, having said that, there is still a step in the industrial process that we never took and i think this happened in the 40s. we never sort of recognized our elites, our political class was clear they were never going to let what happened in europe where you have a working-class movement, a viable working-class movement, they were never going to look-- let that happen so if you look at the taft-hartley bill and we talked a little head about this in the book, but if you look at that that was intended to make sure we never had-- that is one of the reasons we don't have health care because wherever you have single-payer health care you have viable, robust unions so i think you are right. i agree completely, raises a huge component but
, and the university of dallas. his books include, "the master list," self and society in modern america," religion returns to the public square," faith in public policy in america, "and figures in the carpet, finding a human person in the american past." he is a senior fellow at the ethics and public policy center. a senior scholar at the woodrow wilson center. and senior fellow of trinity form. let's welcome bill mcclay to address sources of renewal in the 21st century. [applause] >> thank you. i was just giving them my honest opinion. i think it was william blake that said, the road of all it leads to the palace of wisdom. i am committing as many follies as i can. since i am the last speaker, maybe i should let you in on what we all know about chuck. you may not know the rest of the story. you probably do not know he was born in a log cabin and raised by wolves. [laughter] the wildest part of western wyoming. went on to -- well... [laughter] ken will have to come back next year for the rest of the story. -- you will have to come back next year. it has been a rough time for conservatives, for man
it takes to restore the country. don't miss a second. let's go! ♪ ♪ >> glenn: hello, america. i want to talk a little bit about restoring america. because that is the question. i've asked you this week does it matter if the president is surrounded by socialists and markists? yes. because that is not a resto restorati restoration. that is a rebuild. you want to rebuild america. great, we have a guy that wants to build it in a different way. but what if you want to restore america? well, if you have ever restored an old building and i have because i learned in connecticut. i learned the definition of the word "quaint" means crap. don't ever buy a house that's quaint. because you will have to strip it down. if you live in historic district, it's a pain in the neck, but when it's done, it's worth it. okay. so if we want to restore america, we have to what? we have to figure out how did it start? what did it look like? what was the foundation? well, the foundation of america was stone. strong, strength. make sure it stands. what is it? it's faith. truth is the other piece of it. that's th
america's -- americans have waited long enough for the energy security they have been promised for decades. it was in 1970 when president nixon first coined the term "energy independence" and president since then have promised to deliver on the goal. and yet today, america and america's families are still filling their cars with fuel from deserts' that are half a world away. our economies still rides at the highs and lows of the world oil prices and our children are asking, will we still be behind the same old energy policy of the past four years, or is now the time for change? president obama has made nuclear that we are not here to do what is easy. we're here to do what is right. to make the hard choices, to succeed where others have failed by finally cutting america's dependence on foreign oil, building a clean energy economy that is more secure and more prosperous, and protecting our children from the dangers of pollution. since president obama took office, we have made great progress toward this goal. we have made the largest investment in renewable energy in our history and we're fig
-span program since 1987. this c-span video library, cables latest gift to america. >> we will look at u.s. race relations with marks from martin luther king iii. he spoke at a symposium last month posted by the constitution center in philadelphia. this is one hour and 40 minutes. >> is my pleasure to open up the inauguration of what we intend will be an annual symposium on race. before we get started i want to thank the john f. foundation for generously underwriting tonight's program. two years ago then senator barack obama stood on this stage and delivered one of the most important speeches of that campaign election. some people would argue one of the most important speeches ever said in america. in that speech the original that he used is now in our core exhibition signed by barack obama. he challenged the american people to face the complexities of race in this country. to acknowledge the racial stalemate we have been stuck in four years. for many citizens, this resonated powerfully. the message that by working together we can move past racial wounds and continue on a path towards a more per
machines. it is not about titles or power struggles within. it is not about dividing america and it is not about one individual politician. this is about the people! this is the people's movement! [ cheering ] >> sean: tphoufpbds of support on hand -- thousands of supporters were on hand. it was estimated only 100ç anti-tea party protesters showed up. that says a lot about whose side the momentum is onúd-gsru now in america, doesn't it? joining me former white house press secretary dana perino and fox news contributor, pat caddell. welcome, good to see you. [ applause ] >> sean: let me start, yesterday steny hoyer was out there saying the tone in america is dangerous. we've got to lower theç volume here. at the same time, we've got a united states congressman wanting to punch bill o'reilly in the nose and saying blank the f-word the tea party movement. with where is the insightful rhetoric coming from? >> you can't pick up a newspaper today without reading about how angry the conservative movement is. i read three stories in the "washington post". my local paper. if you
on fox business an hour from now. >> glenn: america, welcome to the "glenn beck program." roll up your sleeves because we're going to do some work. americans have been saying for a long time, they just want to know the truth. they just want to know the truth, even if it's hard and they're willing to do it. well, okay, all right. today we tell you the truth, tell you the truth and all this week we show you how to slash the budget. but i worn you, i'm not going to have any friends left. there isn't anybody that won't be hacked off at me because when you see what we have to do, not to thrive, but to survive, americans might change their tune. we'll see how you will react. it's time to introduce you to the plan. c'mon, let's go! ♪ ♪ >> glenn: hello, america. it's a working week. we're going to kind of keep you informed with what is going on in the news, but we have some amazing guests that are coming on this week that have been working with me on slashing the budget. it's an idea i want to lay out for you tonight and then please tell your friends, watch all this week. because somebody
with those who are the blame america first crowd but does not stand as the strong indication that america has values that we recognize our enduring and right for us and others who are willing to obtain them. that does not mean we force our will on other nations but it does mean we stand beside those of other nations to seek freedom. >> host: when you hear that criticism of the bush and administration to find weapons of mass destruction of our diplomacy being too aggressive or too high handed come and get them and all that kind of thing don't you think there are those who might be wary of aggressive foreign policy? >> host: there is a middle posture where one does not have to be seen as being timid and the defense of american values. or moving to access. you don't want to speak loudly and carry a small stick and there is a posture are showing american strength and ideals fall by their our commitments and standing with our friends and allies and i think president bush did so time and again made it clear we would stand with our allies and people who oppose us would receive was strong response of
. transformation is underway. c'mon, let's go! ♪ ♪ >> glenn: well, hello, america. i want to talk to you again about the fundamental transformation of america. it could happen tomorrow. i have to tell you, there a are -- it's like you can't catch your breath. how long have we been running? this has been a marathon now since last year. and there are some nasty things happening. maybe tomorrow. that will transform our country. you will add another star to our flag. you haven't heard this anywhere. you will tonight. and you better pay attention and call your friends and tell them, because it could happen tomorrow. the vote. now, before i give you the full details, there is something you have to understand, first. that is progressives. what is it that progressives believe? progressives are all about big government and power and control. it doesn't matter about democrat or republican. it's power and control. control over you. you don't choose for yourself. we'll give you some options. but we're not going to make them clear. we will give you some options and we'll control it. this is the european mo
that this large can bring about radical change in this nation. a change in the very idea of america and what it's all about. for the first time in our history, generations of americans could be facing a future less bright than the past. for our kids there would be fewer jobs, greater burden, more insecurity and a diminished dreams and one of the american ideals since the first explorers set foot in this country americans have believed that this country of ours is an exceptional place with exceptional possibilities. we've done the basis of the ever expanding horizons. without that, what would america be? politics in this democracy of ours has always been a tough business. we've been known the loss in our david imagine how much more brutal our politics will become when they are a fight among factions simply to hold onto their piece of the shrinking economic pie. and one of america's leadership in the world for a century now the world has looked to america to light the way and to keep it safe. but how can we lead effectively when we are more and more of to our eyeballs and higher to nations that m
-down in america's defense. the obama administration declared yesterday the president plans to depart from these precedents. secretary of defense gates and secretary of state clinton announced the president will not use nuclear weapons against any nonnuclear state even in the event of a chemical or biological attack. beyond that the united states will not develop any nuclear weapons. our enemies must be rejoicing. it could it be more clear this president's desire to deter enemies pales in comparison to bring about his desire for a nuclear free world? how dangerous is this for the united states and the free world? joining me newt gingrich. newt is the co-host along with his wife calista of the new documentary, nine days that changed the world. which is about pope john paul's pilgrimage to poland in 1979. mr. speaker, welcome. >> good to be with you. >> sean: how about bad is this? >> i think this is the most unrealistic diplomacy since the late 20s. you have to go back to the kellogg pact to end war the whole serve yeast -- series of disarmament con tprofrpbss in the 20s the democracies doe
and the united states of america and that will start this year. [applause] we are inspired by stories like yours. [applause] starting this year, all new insurance plans will be required to offer free preventive care and starting this year, this may interest some of you, if you are a young person who does not have insurance or does not have a job that offers insurance, you are going to be able to stay on your parents' insurance policy until you are 26 years old. [applause] starting this year. [applause] >> thank you. >> you are welcome. [applause] >> this year, seniors will fall -- seniors who fall into the donut hole will receive $250 to help pay for prescriptions and that is just the first that because we will be closing that gap completely. [applause] >> i want seniors to know that despite some of the stuff that has been set out there, these reforms to not cut into your guaranteed benefits. they eliminate deductibles and co-payments for preventive care like checkups and mammograms. you will be getting those for free now. [applause] aarp supported this bill because it is good for seniors. it is
. hello, america. i was talking to a friend of mine and we were talking about the constitution and some of the bills being passed in congress and i said that is 2800-pages. the constitution is four. when they wrote it out -- granted they were giant pieces of paper, but four. out of all of the things that the founders could have tackled first, what did they say? we're going to make promises to the states. we willle never violate these things. what was the first thing they chose? the first amendment, congress shall make no law respecting an establishment of religion. freedom of religion. freedom of speech. speech and religion, number one. i don't think it was because a won a coin toss against excessive bail. i think they did it because it was the most important right to protect because of where they came from. they had just come from a country where you couldn't have that freedom. you couldn't choose your own religion or speak out against the government or the religion because they were one and if you did you better watch your back. also they knew history always repeats itself. history al
that outlines a balanced, comprehensive approach to dealing with the role of nuclear weapons and america's national security. >> the nuke liar posture review. the review focuses on three types of weapons of mass destruction. nuclear, biological, chemical. first nuclear. if a country uses a nuclear weapon against the u.s., a u.s. retaliatory nuclear strike is an active option. second, biological, chemical weapons of mass destruction. if a country were to attack the u.s. with a biological or chemical weapon, a u.s. nuclear strike is off the table. if two conditions are both met. one, the nation attacking the u.s. with germs or chemicals has no nukes. two, the same nation attacking the u.s. with germs or chemicals was ostensibly abiding by nuclear nonprolifera commitment. secretary of defense gates outlined the u.s. nonnuclear response to a biological or bot conditions are memet. >> if any state eligible for this assurance were to use chemical or biological weapons against the united states for its allies or partners, it would face the pros secretary of a devastating conventional military r
america in this age of all. language and is most molecular form, its identity, that is nothing more than the memory and that we have the their experience store passed down to us from people in our tribe that experienced that it. it is the root and of the focus of who we are. then what do we need from our leadership? that the idea of identity and provides aa distinct political character. that is one of the things we identified, they show this very clear the. first thing is that african-americans are the most liberal voting bloc in the country. . . very clear the. by city the most liberal city in the country is detroit and the most conservative city is somewhere in utah. so it's a function of the language of race is one of liberation. we want to be freed. so you see that sort of the political consciousness. now, one of the first things we see and we talk about this in the book the economic policy of black people this keynesian which means we see that government -- we see the government plays a role in economics. i haven't seen a pulled yet but i'd sure if there was one order is one out the
agree with, maybe military, freedom of speech. what is another strength that america has that no one else will think of? we thought, oh, the free market economy. people do not often think about that when they think about the great things about america. obviously, this is one of the great things about america. we decided to make that our topic. as it turned up, we to -- we were able to find a lot of small and large business owners that we were able to interview. >> what did you learn from your interviews? >> i learned a lot about what it takes to start a business. when we interviewed the business owners, we did not really focus on what kind of forms you have to fill out. it was more like, what you as a person has to go through to start a business. three of the people we interviewed told us that anyone can start a business as long as you have the appropriate amount of determination and drive off. -- and drive. about what one told us was the most true. he said, not everyone can start a business. it takes an incredible amount of determination and motivation. not everyone has that. >> you
>> hello, america. i come up with a ton of weird ideas for shows, but this one -- is not weird. this is -- this is not one of them. you might think it is. but i think it's totally rational. one of the things i talk about all the time is the importance of educating yourself, knowing history. the only way to understand where the country is going is to understand history, america's past. back to my weird idea. it starts with this book, about a year ago, on this program this, book challenges you to think outside the box. the message is: things are changing. today, our solutions are failing, our war on terrorism spawns more terrorist, decisions made to curb financial crisis make things worse. so you need to be able to think the unthinkable. fantastic book. now, the next book, you look over here. here's the next one. the survivors club. the survivors club is fascinating because it's the secrets and science that could save your life. quite honestly, when this book first came across my desk, i wasn't interested in it. i thought -- it's like the survivor's wife's club or something. one
prices will triple in america. that is that the action we want to take to rejuvenate our economy. what can we do to preserve jobs in the u.s. and in indiana? i believe you do it through tax cuts. we are losing jobs to mexico. we have the second highest corporate tax rate in the world. why don't we incentivize businesses to grow in our great state? let's not penalize them for sending jobs elsewhere. >> i agree with that. while trade agreements must be fair and must scrutinize them carefully, it is important as a nation that the u.s. be able to export to other countries. in the and that derives a great number of jobs from the export of goods. we have to be careful not to cut off our nose to spite our face. we need to provide the basis for jobs to be preserved in america. the incentives through lower regulations -- this administration is imposing taxes on small business, in opposing that on indiana is costing us all lot of money -- imposing that on indiana is costing us. >> benjamin franklin said no country was ever destroyed from free trade. what we have done with nafta has been one part
target list after the vote on obama care. stupak quit. we were saying we're going to take back america in november of 2010 and i think we may take back america before at the rate we are going. [applause] so that brings us here. we have to expand our target list. we have to get a few more on the list. as amy pointed out, it is a combination of worrying our friends and punishing our enemies. one thing that is so important to do, as someone who got their political career started and working for an old actor in california back in 1966 when he eventually became president in 1980 it wasn't just republicans that allowed us to get the tax cuts in and our success. their district or states are clearly conservative on the economic issues we have on the bus yet they can continue to defy the wishes of the voters. we have expanded our target lists from three to eight. we have added blanch lincoln in arkansas. barbara boxer is next on the list. the state assembly in california -- this is going to be a consistent leader on the fiscal issues, but he has been at a rally that we have ever had. he is supp
and doing well at this. but at the same time all the countries in the me john know america plays an indispensable role and we'd like america to continue to do that. >> rose: a conversation about china, the united states, asia, and the world with the prime minister of singapore when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: singapore's prime minister lee hsein loong is here. he is in the united states this week for the nuclear security summit and for meetings with american officials, including the secretary of state. he's been prime minister since 2004, he's only the city state's third prime minister. he is the son of lee kwan yue, singapore's founding father. i am pleased to have him back on this broadcast with me while he's making this visit to washington. welcome. >> hello. >> rose: tell me what you think was accomplished at this summit of 46 nations. >> i think president obama did the world a service. this is an issue, nuclear security and nuclear terrorism which is important but not urgent. it's
, not one of them is in cuba. can america's a that? while lee is watching, obama takes a step closer to the presidency and an african proverb comes to mind. one of his black countrymen often try to describe the dilemma in the post-apartheid era got a stone but not a not to crack, not a not a that no stone to correct it with. the south majority government built homes for the people what left them without money to pay the rent provide them with running water but shut off the top when they couldn't be the bill to replace the names of bullheaded white segregationists and the the schoolhouses with those of black liberation heroes but didn't replace the shoddy roofs. order companies to hire blacks but permitted them to slash wages. so it goes for the new south africa where a small white minority continues to inhabit a split country, splendid country that is for all intensive purposes canada while three-quarters of the population resides in the country with living conditions similar to those of kenya or zambia. it's almost as if black south africans vanquishing the partite only apply to the
of the most important speeches ever said it in america. in that speech, the original that he used is now an hour core exhibition, signed by barack obama. he challenged the american people to face the complexity of race in this country. to make knowledge, as you heard, the racial stalemate we have been stuck with for years. for many citizens, his message resonated powerfully, the message that by working together, we could move past racial wounds and continue on a path toward a more perfect union. after president obama's election, at the notion of the post-racial election seemed to move inevitably toward the forefront of the national constant justness -- consciousness. people last, it isn't america post-racial? and there was a flurry of editorializing. these conversations have continued. the idea of the post-racial america have been proclaimed in many ways, a fallacy, a goal, an open question -- but one thing is clear. this historic election of our nation's first african-american president has not taken us, as he said, beyond racial divisions in a single election cycle. tonight we commemor
on america and the courts, in court on a hypothetical case on whether someone can be denied a vexing. -- a vaccine. america and the courts today at 7:00 p.m. eastern here on c- span. c-span -- >> c-span, our public affairs content is available on television, radio and online and you can also connect with those on twitter, facebook, and youtube, and son of for schedule e-mails at c-span.org. >> president obama, a bill into law that makes changes to the recently passed health care bill and allows government to extend recommending to college students, eliminating the role of commercial banks. we begin with comments by jill biden, the wife of vice president joe biden. this is about 35 minutes. >> ladies and gentlemen, please welcome the president of the united states, accompanied by a doctor jill -- accompanied by dr. jill biden. [applause] >> good morning, everyone. and thank you for being here today. i'm jill biden and i am honored to be a community college instructor. [applause] i have been a teacher for almost three decades and a community college instructor for almost 16 years. in f
what much of america wants to know... >> i want to find out what your feelings are, and did you learn anything? >> i think the ad really polarizes people. i think that if you hate tiger, you're going to hate him even more. if you like him and you want him to have a comeback, you think it's kind of great. >> reporter: in the wind and rain at augusta, woods showed no serious rust from his five-month layoff. he quickly birdied the third hole, ending three under par after nine holes. showcasing why he's dom naiptd the pro tour for more than a decade, winning 71 times, including 14 majors help his unequal star power pushing official prize money to $277 million last year, up 300% from when woods first turned pro in 1996. >> in the last 12 years, he's done racialgable things for this game of golf. and everybody benefitted. >> reporter: until it all came crashing down, forcing the once tightly-wound woods to talk openly of deceit. >> i lied to a lot of people. >> reporter: and discovery. >> it's not about championships. it's about how you live your life. >> reporter: today, woods took a solid
of writing a new contract with america, and amid new worries about iran's nuclear ambitions we willle ask the sunday group if tough sanctions can prevent the rogue nation from making the buy. all right now on "fox news sunday." hello again from fox news in washington and happy easter. of thousands of the faithful gathered at the vatican for easter services despite a light rain and new allegations the catholic church covered up charges of sex abuse by the clergy. pope benedict made no mention of the scandal in his easter message but one cardinal praised him as a courageous leader and dismissed the allegations at "petty gossip." here on capitol hill the talk is about what is next in the wake of the long bat the over healthcare reform. joining us to discuss that are two senate leaders. and from philadelphia, democrat arlen specter. the unemployment numbers from march came out on friday and present a mixed picture i think it is fair to say. 162,000 jobs were created, the most in three years but unemployment stayed at 9.7%. senator kyl, will republicans support more economic stimulus >> more t
. not violent -- not racist, not violent, just no longer silent." c'mon, let's go! ♪ ♪ >> glenn: hello, america. if you have been a listener of mine for gosh, it's almost been ten years now. me on the radio. then you might remember a time when hi radio show was based in comedy. i used to try to -- it was much more like jon stewart really on the radio. we would look at the news of the day. and try to make our points but make them in a funny way. obviously, i was conservetive, where jon stewart is not. but today, today, over the last ten years i have found myself in a position where i never intended on being. you know, the show is day-by-day is about as funny as smallpox quite honestly. and there is a lot of stuff i do that i don't want to. recently i got a lot of heat for telling "forbes" magazine that my company is an entertainment company. but only after they printed half of that quote from that conversation were people saying that. when they went back and wrote another story and finished the rest of the line, people understand what i was saying. my company is an entertainment compacompany, bu
, happy days are here again. look, america is back. the remarkable tale of the economic turn-around. you can read about that and hate on the right. wow! they got it all done. there is literally nothing else we need to do here. i think we just go home and turn out the lights. i'm serious. c'mon, guys. we can go now! ♪ ♪ >> glenn: hello, america. welcome to day two, the beginning of the plan. what is the plan? yeah, i just like to hear it from washington, quite honestly. it's all the changes that need to happen to keep america from going broke. these are tough changes but they have to be made. c'mon, please, the dow hit 11,000 this week. the president said we're turning the corner. didn'tp you see all the good news? yeah. yeah. this is amazing propaganda. i've never seen anything like this. from the people who told us we're all socialists now. then when i started saying it, they said, "no, no, no socialist, how dare you. what kind of a racist are you for saying he's a socialist?" now they're on this one. america is back. and in this magazine, it's fantastic, because you can also read a
have a hard time understanding because we are the united states of america, and i had a hard time understanding until i started turning over every stone to see what authorities we had the there was no authority to guarantee liabilities or to put capital into the institutions. but any event, i'm not sure what -- the british were -- i had said in the book i used rasht language when i was disappointed but as i sit in the book as i reflected on it, they obviously had their own issues they were looking at and the regulator it was for them a very difficult decision to let one of their banks go ahead and in the middle of a run lehman brothers step in and make the acquisition and be confident they had the wherewithal to do that. limited part in a much smaller transaction and i think it was tuesday or wednesday of the british authorities said if you have an account with lehman keeping securities there you couldn't take it out. they froze the accounts basically, which i gather came as a surprise, came as a big surprise to me. >> that was i think that shocked the markets. my recollection is
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